According to CoinMeta, nine Japanese institutions, including Sumitomo Mitsui Bank, Yamato Securities, SBI Securities, Progmat, and Datachain, have completed the second-phase verification of Project Trinity. Yamato Securities and SBI Securities simulated the Osaka Digital Exchange market and used ST corporate bonds issued by SBI VC Trade and trust-type stablecoins issued by Sumitomo Mitsui Bank to successfully complete two cross-chain settlement transactions, verifying the feasibility of a T+2 settlement cycle.